Drivers in Los Angeles and Orange counties can breathe a slight sigh of relief as the average price of gas has dipped slightly. According to the latest figures from AAA and the Oil Price Information Service, the average price of a gallon of self-serve regular gasoline in Los Angeles County dropped by three-tenths of a cent on Saturday, bringing the price down to $4.844.
Compared to the previous week, the average price has gone down by 2.1 cents, while it has dropped 9.7 cents compared to a month ago. The current price is a whopping $1.075 less than the same period last year. It’s also worth noting that the price has fallen by a staggering $1.65 since hitting a record high of $6.494 on October 5.
Meanwhile, Orange County has also seen a slight drop in gas prices, with the average price decreasing by three-tenths of a cent to $4.796. This is 1.2 cents less than the previous week and 13.3 cents less than a month ago. Compared to the same period last year, the price has dropped by $1.078. Since hitting a record high of $6.459 on October 5, the price has dropped by $1.663.
Nationally, the average price of gas has also dropped by half a cent to $3.537. The current national average price is 1 cent less than last week, 10.8 cents lower than last month, and a staggering 89.5 cents less than last year. The price has also dropped by $1.479 since hitting a record high of $5.016 on June 14.
While any drop in gas prices is welcome news for drivers, it’s important to note that the prices may still fluctuate in the coming weeks. We will continue to monitor this story and provide updates on any significant changes.